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Carla Inc. provides the following information related to its postretirement benefits for the year 2017. Accumulated postretirement benefit obligation at January 1, 2017 $692,000 Actual
Carla Inc. provides the following information related to its postretirement benefits for the year 2017.
Accumulated postretirement benefit obligation at January 1, 2017 | $692,000 | ||
Actual and expected return on plan assets | 36,400 | ||
Prior service cost amortization | 22,300 | ||
Discount rate | 9 | % | |
Service cost | 80,800 |
Compute postretirement benefit expense for 2017.
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